First Business Financial Services Stock Forecast
Green day on Monday for First Business Financial Services stock after gaining 1.13%
(Updated on May 06, 2024)
The First Business Financial Services stock price gained 1.13% on the last trading day (Monday, 6th May 2024), rising from $35.30 to $35.70. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.24% from a day low at $35.02 to a day high of $35.81. The price has risen in 6 of the last 10 days and is up by 3.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $546.53 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Business Financial Services stock with a 90% probability to be traded between $32.14 and $36.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FBIZ Signals & Forecast
The First Business Financial Services stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $34.44 and $34.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). First Business Financial Services has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, March 28, 2024 and based on theory for this formation the price should fall by -7.74% to $32.94 within 29 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for First Business Financial Services stock
First Business Financial Services finds support from accumulated volume at $34.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.785 (2.24%) between high and low. For the last week, the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: $34.11 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (FBIZ) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect First Business Financial Services to open at $35.51, and during the day (based on 14 day Average True Range), to move between $34.64 and $36.76, which gives a possible trading interval of +/-$1.06 (+/-2.96%) up or down from last closing price. If First Business Financial Services takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.83 (0.36%) than the support at $34.05 (4.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is First Business Financial Services stock A Buy?
First Business Financial Services holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.740 Hold/Accumulate Unchanged
Predicted Opening Price for First Business Financial Services of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $35.51 ( 0.537%) | $35.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBIZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.29 | 1.66 % | |
| R2 | 35.99 | 0.82 % | ||
| R1 | 35.81 | 0.303 % | ||
| Current price: | 35.70 | |||
| Support | S1 | 35.21 | -1.38 % | |
| S2 | 35.02 | -1.90 % | ||
| S3 | 34.72 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.50 | 5.04 % | |
| R2 | 37.34 | 4.59 % | ||
| R1 | 35.83 | 0.364 % | ||
| Current price | 35.70 | |||
| Support | S1 | 34.05 | -4.62% | |
| S2 | 33.98 | -4.82% | ||
| S3 | 33.38 | -6.50% |
FBIZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | May 08, 2024 | May 22, 2024 | $0.250 | 0.700% |
| 2 | Feb 07, 2024 | Feb 07, 2024 | Feb 21, 2024 | $0.250 | 0.702% |
| 3 | Oct 27, 2023 | Nov 03, 2023 | Nov 16, 2023 | $0.228 | 0.663% |
| 4 | Jul 28, 2023 | Aug 04, 2023 | Aug 17, 2023 | $0.228 | 0.706% |
| 5 | Apr 28, 2023 | May 05, 2023 | May 18, 2023 | $0.228 | 0.84% |
FAQ
Click here for our free guide on how to buy First Business Financial Services Stock.
